During the current year, the cost of direct materials purchased by a manufacturing firm was $325,000, and
Question:
During the current year, the cost of direct materials purchased by a manufacturing firm was $325,000, and the direct materials inventory increased by $65,000. What was the cost of direct materials used during the year?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
The cost of direct materials used during the year can be calculated us...View the full answer
Answered By
Enock Maiyo
As an administrative support professional, I pride myself on my attention to detail, organizational skills, and ability to effectively communicate with colleagues and clients.
One of my greatest strengths is my proficiency in various computer programs and software, such as Microsoft Office Suite and Google Suite. I have a knack for learning new systems quickly and efficiently, allowing me to adapt to any workplace environment seamlessly.
Another essential quality that I possess is my excellent time-management skills. I am adept at prioritizing tasks and managing my workload effectively, ensuring that projects are completed on time and to the highest possible standard. I am also able to work well under pressure and in fast-paced environments, making me a valuable asset to any team.
Communication is key in any administrative support role, and I excel in this area. Whether it is communicating with clients, colleagues, or senior management, I am able to convey information in a clear and concise manner. I am also able to actively listen to others and respond appropriately, ensuring that everyone's needs are met.
Furthermore, I am highly organized and detail-oriented, which is crucial in any administrative support role. I have experience in data entry, record-keeping, and filing, and am able to manage large amounts of information with ease. I also have a strong eye for detail, ensuring that documents are error-free and that information is accurately recorded.
Finally, I believe that a positive attitude and strong work ethic are essential for success in any role. I approach each task with enthusiasm and a willingness to learn, and I am always striving to improve my skills and knowledge. I am also a team player, always willing to lend a helping hand to colleagues and contribute to a positive and productive workplace environment.
Overall, I believe that my professional qualities make me a strong candidate for tutor role. I am dedicated, hardworking, and possess a wide range of skills and experience that make me a valuable asset to any team.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078025778
17th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
Question Posted:
Students also viewed these Business questions
-
During the current year, the cost of direct materials purchased by a manufacturing firm was $510,000, and the direct materials inventory increased by $40,000. What was the cost of direct materials...
-
During the current year, the cost of direct materials purchased by a manufacturing firm was $360,000, and the direct materials inventory increased by $80,000. What was the cost of direct materials...
-
The following balances are from the accounts of Hill Components: Direct materials used during the year amount to $59,800, and the cost of goods sold for the year was $68,900. Required Find the...
-
Use the data from question 13 to produce a cumulative frequency graph and a cumulative relative frequency graph. Question 13 An advertising executive is interested in the age distribution of the...
-
Discuss the various dimensions of transportation service and their impact upon costs for a company.
-
Return on equity Midwest Packagings ROE last year was only 3 percent, but its management has developed a new operating plan that calls for a total debt ratio of 60 percent, which will result in...
-
Consider the fuel consumption data in Table B.18. For the purposes of this exercise, ignore regressor $x_{1}$. Perform a thorough residual analysis of these data. What conclusions do you draw from...
-
Data Set 9 in Appendix B lists measured cotinine levels from a sample of subjects who smoke, another sample of subjects who do not smoke but are exposed to environmental tobacco smoke, and a third...
-
Solve the given system of equations graphically by using a graphing calculator. y=5x x+y2=81 Find the solution with the smaller x-value. x= y= (Type an integer or a decimal rounded to one decimal...
-
Briefly explain how the deep Web contains hidden information.
-
Go to the following website for the Coca-Cola Company: www.worldofcoca-cola.com. Select the Tour Inside from the list of tabs at the top. On the left-hand side of the screen choose Bottle Works to...
-
Either Dr. Adams is an internist or all the pathologists are internists. But it is not the case that there are any internists. Therefore, Dr. Adams is not a pathologist. (I, P ) Translate the...
-
The government of a foreign nation had controlled the oil and gas industry for many years but recently transferred the business into the hands of several small businesses. These companies are now...
-
Investigate the complex relationship between genotype and phenotype variability in complex traits and diseases, considering the contributions of genetic polymorphisms, gene-environment interactions,...
-
Candice's Cupcakes recently sold 15 cupcakes, of which 6 were chocolate cupcakes. What is the experimental probability that the next cupcake sold will be a chocolate cupcake?
-
Water usage varies greatly in different countries, from as little as 20 liters a day per capita (per person) in some third-world countries, to several hundred liters a day in some industrialized...
-
When managers use the I/O model, why do they consider industry characteristics such as economies of scale and market friction in their decision-making? It highlights unique resources that are...
-
Concerned about reports of discolored scales on fish caught downstream from a newly sited chemical plant, scientists set up a field station in a shoreline public park. For one week, they asked...
-
The tractor is used to lift the 150-kg load B with the 24-mlong rope, boom, and pulley system. If the tractor travels to the right at a constant speed of 4 m/s, determine the tension in the rope when...
-
Partner Bank recently traded in office fixtures. Here are the facts: Old fixtures: __________________________________ New fixtures: Cost, $91,000 Cash paid, ..........................................
-
Discount Parking, near an airport, incurred the following costs to acquire land, make land improvements, and construct and furnish a small building: Discount Parking depreciates land improvements...
-
Safe Parking, near an airport, incurred the following costs to acquire land, make land improvements, and construct and furnish a small building: Safe Parking depreciates land improvements over 15...
-
Define memo and write different types of memo in detail.
-
Wolfpack Corp. has 1,000 units of product X in its year-end inventory. These units have an original cost of $300 each. A lower-of-cost-or-market analysis has been performed, and it shows the...
-
Explain the conditions for implementing cooperation in the use of state/regional goods by the provisions of Government Regulation 6 of 2006 & Government Regulation 38 of 2008.
Study smarter with the SolutionInn App